tv Your World With Neil Cavuto FOX News August 9, 2017 1:00pm-2:00pm PDT
>> let's consider what is alarming. what is alarming two icbm tests in less than a month, two nuclear tests that took place last year. as a matter of fact, when there's an earthquake in china, i get e-mails and calls from you asking if there's another nuclear test. let me finish. it's a big deal what is going on. it's a concern to the world, not just the united states. those are alarming actions. they're provocative actions on the part of north korea. >> harris: >> liz: the state department firing back at critics of the president's fire and fury remarks saying when it comes to north korea, the administration
speaks with one voice. welcome, everybody. i'm liz claman from for neil cavuto and this is "your world." so the stock market fall-out over mounting tensions with north korea, we'll get to that in just a moment. the dow closing down 38. first, to rich edson at the state department with the very latest. rich? >> as the white house exchanged threats, secretary of state rex tillerson is offering a much more measured tone. the secretary of state returning from a trip to asia, is offering re-assurance. >> i think americans sleep well at night, have no concerns about this particular rhetoric of the last few days. i think the president, again, as commander in chief, i think he felt it was necessary to issue a strong statement directly to north korea. i think what the president was just re-affirming is the us has the capability to fully defend itself from any attack and defend our allies and we will do so. so the american people should
sleep well at night. >> the state department is squaring the sleep well at night comments with the president saying that the u.s. would unload fire and fury on north korea. the state department contends that the united states is speaking with one voice through multiple channels like those of the defense secretary, the state department and the white house. secretary of state rex tillerson is returning from nearly a week in asia pressing international counter parts to enforce new and existing sanctions against north korea, to halt sources of financing and cut it off from the world. secretary of state tillerson said he spoke with china and russia in philippines. tillerson notes that china and russia have direct lines of communication with north korea and he's requesting that they use the lines of communication to get north korea to halt its weapons development. liz? >> liz: thanks, rich. so how did we get here? north korea today has a nuclear warhead despite years of this. >> this is a good deal for the
united states. north korea will freeze and then dismantle its nuclear program. >> if north korea makes the wrong choices, the united states and our partners in the six-party talks will respond accordingly. >> north korea was reminded that any provocation or aggression will be met by a strong united response. >> it's a crucial step toward drawing north korea into the global community. >> multilateral diplomacy is the best way to peacefully solve the nuclear issue with north korea. >> north korea's nuclear and ballistic missile programs pose a grave threat to the peace and security of the world, and i strongly condemn their reckless action. >> liz: former commander of the u.s.s. cole, kirk liphold says this is a result of 30 years of failed policies. what should we do now? we showed people, years and years, multiple moments where there was this very soft talk or very i guess calm talk, but it's
still a war of words but how much has it changed with what president trump said yesterday? >> there's been a fundamental shift. what you heard the last 30 years, administration after administration on both sides attempt through diplomatic and policy means to get north korea to give up their nuclear program, to stop the pursuit of a nuclear weapon and when you draw the bottom line, each of them have failed. we have now living in the united states with the threat in the next few holds to within a year of a nuclear weapon being targeted at the west coast of the united states by a nation that wants to use it. it's the same as israel putting it up with iran. we should not tolerate this policy and the key to it will be china. >> liz: did we miss a huge opportunity? this is a rhetorical question. when it was in its infancy stages, the nuclear problem. we didn't we pull and israel move like in the 80s with the
iraqi version of building up their nuclear plans and war, et cetera, like that? the israelis just came in and incinerated it in iraq. they didn't wait. did we miss a key window through all of those years? >> i think perhaps we did. i think that the united states just like with terrorism and al-quaida, we're allowing the threat to build and build. at this point in time, the united states needs to stop, take a look and even though the president is using inflammatory language that quite frankly he should turn over to others to use, now is the time for concrete actions. we take a look at china. they're the ones that have aided an abetted north korea to have this nuclear weapon and icbm program because they have supported them economically, finally, technically, with industries that allow the trucks that the icbms launch from. they're the key and that's why we need to develop and in depth comprehensive set of sanctions that is targeting the chinese
people. because they're the ones that are allowing this to happen. the government is allowing it to happen. we quite frankly can't afford to sit and wait. >> the chinese do not want an influx of refugees from north korea or a combined korea that would be friendlier and have a better bond with the united states and china. i would want to bring up something that neil cavuto asked of general kelly back when he was running the nsa, the department of homeland security rather. listen to it and then skill for your response about what has really changed. >> almost any provocative action guaranteeing a u.s. response or anything like launching a weapon would mean his own certain demise as well as most of his country and the peninsula. what do you say to that trayvon martin. >> he's a calculating kind of person. from this distance, we can't tell whether he's sane or not. i'd make my a sum shin that he's
self-centered, very interested in his own survival. but you know, it's just like in the cold war, when a country has a deliverable nuke, it changes how you deal with them. >> and how act the fact, commander, that he has come out, kim jong-un, with a direct threat to guam. there's more than 100,000 people on the island. when you look at the proximity in the region, this is extraordinarily important. any attack on guam talks out to be an attack on the united states, correct? so is it different now and why would rex tillerson who back in march had very clearly said the threat from north korea "is imminent" is he now saying it's not imminent? >> i don't think he's saying it's not imminent. he's saying the threat is not built to a point that we need to fall to the last resort, which is military action. he can still preserve the option
where diplomatic sanctions can be put in like i mentioned across the spectrum. the blunt reality is the people in that region, south korea and japan as the other southeast asian nations are going to live with the consequences if the north korean regime has to be toppled and their nuclear program destroyed through military action. we will need to build a consensus before we do it. it would be the best way to do it. the bottom line is going to be, the united states cannot be threatened by a country with nuclear weapons and stand idly by while the threat becomes a reality and the destruction of the country could be imminent. we're talking an order of magnitude different from the 9-11 attacks. don't allow terrorism to come here to the united states. we have to react ahead of time and take care of our national security interests first. >> liz: thanks, commander lippold. your expertise is evaluated.
simmering tensions about to boil over it feels like with north korea pushed stocks lower today but not that low. still no major sell-off. we did see some money going into safe havens like gold even he the dow fell 36 points. you look at the level of the dow jones industrials. it's still above 22,000. so wrap your mind around that. you have the market really seeming not to be shaken or stirred by all of this. why? let's bring in market watcher larry glazer. you're also a market participant. how resilient is the market and what would be a tipping point for it? >> it's amazing. so far the global financial markets have slugged off north korea. it's been limited to rhetoric. if you were to see the tensions begin to escalate into action, something that affected guam or south korea, a global economic power house, then you'd see a decline. you'd see a panic in the markets. so far no panic. that flight to safety, investors
becoming concerned as they watch these events. so far they've held lock step. much more on the improving economy the united states, the improvement on main street and the potential for tax cuts in this count trip. that's what's on investors mind. until something really gets out of hand in north korea. >> liz: all of the major indexes are all red. then you flip over to a certain sector that may not surprise anybody. but defense stocks looked muscular. when do you start to see the names like raytheon, lockheed-martin start to truly move and that would certainly be because all of this rhetoric turns into actual sales. >> actual orders for the things like the tomahawk missile which raytheon makes? >> the ultimate flight to safety beyond gold and treasury bonds are defense stocks. companies that we need for the defense of the country. we know those are businesses that will thrive, see funding. we've got a debt ceiling in
september. we know these are businesses that we can't afford to lose and can't afford to fall by the way side. with defense spending ratcheting up, these are the bills that will prosper. >> liz: okay. we're all gripping the table waiting to see what happens. thanks so much, larry. >> my pleasure. >> liz: put aside north korea for a moment. what can we expect from iran in the wake of this? will that deal backfire? general jack keane is here. and conservatives pitch a fit over mitch. senate majority leader mitch mcconnell who said that the president is frustrated at the lack of congress has excessive expectations. now the. is firing back. the explosive debate next! experience uncompromising performance at the lexus golden opportunity sales event
but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. hey dad, come meet the new guy. the new guy? what new guy? i hired some help. he really knows his wine. this is the new guy? hello, my name is watson. you know wine, huh? i know that you should check vineyard block 12. block 12? my analysis of satellite imagery shows it would benefit from decreased irrigation. i was wondering about that. easy boy. nice doggy. what do you think? not bad.
>> liz: new worries this hour over the iran nuclear deal. we just showed you, president bill clinton cut a deal with north korea in 1994. at the time it was heralded. but look where we are now. let's find out from general jack keane who says be cautious now about what? the nuclear deal? we know that president trump is against it. he feels that already iran has violated the spirit of it, general. what do you think now happens in light of the fact that there are really big tensions with north korea? >> first of all, we have to recognize that iran and north korea are like cousins. iran is actually executing a north korean playbook in terms of developing a nuclear weapon and eventually ballistic missiles and eventually intercontinental ballistic missiles. the missiles that the iranians are using now came from north korea. their technology that they will use to advance their own nuclear
weapon system comes from north korea. when north korea is testing a nuclear weapon, iranian officials are normally present for that. so they are aligned together. iran, if it's ever permitted to acquire intercontinental ballistic missiles and nuclear weapons, they will become not just a regional menace, but they will become an absolute global threat and a global menace that will dwarf the north koreans. >> it will sure make the supporters of this iran nuclear deal look awfully stupid. at this president when president trump talks about violating the spirit of the deal, he's talking about the missile tests that iran has constantly done and then, of course, on one of them he wrote in hebrew lettering, israel must be wiped off the face of the earth. at what point do the europeans or the soviets, forget it. but the europeans say that's not
okay and they may get burned, right? >> yes. every single -- it's interesting you mentioned that point about israel. every year since 1980 when the islamic republic of iran was established post revolution and the ouster of the shaw, they have stated unequivocally our intentional is to spread the islamic revolution throughout the middle east. two objectives to achieve to do that. one is drive the united states out of the middle east. that's when they began killing us and blowing up our embassies and killing soldiers and civilians in 1980 on. 35 plus years of that. secondly, and every year, they mention what you just mentioned. our objective is also to destroy the state of israel. >> liz: us and israel. it's ridiculous. makes me wonder and you would be a perfect person to ask, are we on the path the war with either of these nations and if so, what would you do to get us off that
path and divert it? >> first of all, this is obviously as we've been talking about for weeks with north korea, a very dangerous situation. certainly war is a possibility. i think this country can avoid that. i -- the reason for that is that this very aggressive policy that north korea has unequivocally supported by china is because of the obama administration. they believed that the united states had really pulled back from the world and they were growing to have their way throughout asia and the western pacific and throughout the north korean peninsula. but the reality is, they did not count on the trump administration. now they're dealing with the reality of a different president who is asserting the american leadership in the world again, re-assuring our allies and is willing to stand up for our values, our national interests and our allies. that is where we are.
i believe as we move closer and closer to this crisis and it gets more dangerous, the trump administration will eventually -- they're holding them back right now because they want china to help, but i believe they will unload on china at some point. >> liz: talk softly and carry a big stick. right now it's talk loudly. >> and carry a big stick. >> liz: the two can go together. thanks, general. >> good talking, liz. >> liz: with all of this happening, congress high-tailed it out of washington without dealing with many issues, but perhaps very importantly the healthcare fix. now senate majority leader mitch mcconnell says critics have too many expectations. really? and now we've got another leak from the special counsel probing team trump on russia. are these leaks damaging the entire process?
hundreds of dollars on youmy car insurance. saved me huh. i should take a closer look at geico... (dog panting) geico has a 97% customer satisfaction rating! and fast and friendly claims service. speaking of service? oooo, just out. it was in. out. in! out. in! what about now? that was our only shuttlecock. take a closer look at geico. great savings. and a whole lot more.
>> part of the reason i think that the story line is that we haven't done much is because in part the president and others have set these early timelines about things that need to be done by a certain point. our new president has not been in this line of work before. and i think had excessive expectations about how quickly things happen. >> liz: that phrase, excessive expectations of congress. i don't know how that sits with you, but president trump fired back. fox business's blake burman has the latest. blake? >> hi, liz. the president did not appear to pleased with that explanation from the senate majority leader mitch mcconnell. the president responded just a little while ago on twitter. here's what he said quoting from
his twitter page. senator mitch mcconnell said i had excessive expectations. i don't think so. after seven years of hearing repeal and replace, why not done the president questioned amount close aide to the president, dan scavino laid the groundwork to the response when he tweeted the following. "more excuses. senate majority leader must have needed another four years in addition to the seven years to repeal and replace obamacare." house leadership embraced an aggressive agenda. take a listen here to what mcconnell said about that agenda, which includes healthcare at a republican retreat in the first week of the new trump administration. >> what the speaker has done, in i entirely concur with and the administration is on board with is to lay out a game plan through the august recess of what we want to try to accomplish. for myself, i intend to stick to the plan and make as much
progress as we can. >> now, as i should mention, we reached out to mcconnell's office a little while ago to see if they had a response from the president's tweet. they did not add anything to the senator's statements and referring us back to his prior comments. liz? >> liz: which we just showed. blake, thank you. we asked this question, is the president expecting too much of the gop-led congress or not? let's bring in u.s. news and world report contributor, ashley pratt and washington examiner's, geano caldwell. i would understand if they didn't have seven years to figure out healthcare. but with a republican house, a republican senate and a republican president, geano, tell me what we're missing here. >> a very bizarre statement to
me. i'm going to say something incredibly unpopular to say as a republican. i believe the republican party specifically members of congress and the republican party have been derelict in their duties to the people. after seven plus years saying we're going to deliver on tax reform, health care and having the opportunity to do so by having to white house, it has and happened to be an individual, to be on national television for the last several years defending the republican agenda saying hey, american people, give us a chance, vote republican down ballot and not have that happen in this particular point in time, i'm simply embarrassed. >> liz: i get it. if you have seven years to write a term paper, ashley, it better be an a-plus. get it right. i will say this. congress moves slowly. that can't be a surprise to anybody at all. when they say just give us a shot, let's go for it.
the president has to understand, does he not, that he has a role as well and that means greasing the kids with people on the watch list, whether they're democrats or republicans that might be no votes. >> leadership stems from the top down. we haven't seen that from this president. that may be unpopular to say but that's the truth. he should have been out there rallying people about the bill. instead, he was picking twitter fights for people not supporting it. he should have been standing behind it. when you go back in your home directs facing tough questions from your constituents, but instead he left them hanging to dry. that was a valid concern for many of these people facing re-election bids and for those that aren't -- are very concerned about his presidency moving forward. >> liz: let me jump in. gianno, this is a question that i'm interested in. the president pitched himself
and the american public loved that, that he is a deal maker, the best of the best. people are allowed to be -- have a learning curve, which he has as a president obviously never served in public office. has he learned from this? do you expect to see coming up with new efforts that they want passed as far as policies are concerned, maybe infrastructure, tax reform, that he now knows he has to be that great deal maker and he has to start preaching to those that are not converted yet versus the converted? >> you know, i think there has been some lessons that have been learned by way of this president. i'm reminded 0 a book called "you are the message." which president trump, this president, he was the messenger. he was the embodiment of the frustration that the american people felt throughout the primary and the campaign as well. now he has to be the messenger in chief when it comes to getting the policy proposals done. what we often see frequently to
ashley's point, he will tend to step on the message. what i'm hoping is -- >> he's never on message. >> if i may, ashley. i'm hoping that he won't continue to step on the message. considering the fact that we have a new general as the chief of staff and from what i've learned and what i continue to hear from folks that i know in the white house directly, that there's a new order that is being placed in this white house. i'm hoping that president trump is definitely going to get on board with that new level of direct communications that not stepped on on a regular basis via twitter. >> liz: ashley, we have to go. but you have to say that the democrats and the republicans have to start working together. yes or no? >> they do. in order to get tax reform and other big legislative items passed that the american people want, they need to work together in order to accomplish that. >> liz: great to have you both. and i don't have great expectations from congress. i don't know about the rest of you. is it any wonder that the white house is said to be working with democrats on tax cuts just in
>> liz: 21st century fox out with earnings. profits coming in above expectations. the stock is unchanged in after-hour trading. we'll be right back in 60 seconds. the most trusted battery for your son's favorite toy? maybe not. maybe you could trust he'd find other ways to occupy his time. maybe you could trust he wouldn't accidentally call the police. maybe you could trust he'd stay away from the toaster. (siren blaring) (mixed shouting) oh, no... ( ♪ ) or... you could just trust duracell. ( ♪ )
mikboth served in the navy.s, i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago. there's no point in looking elsewhere really. we're the tenneys and we're usaa members for life. usaa. get your insurance quote today. >> liz: there's a new leak from unnamed sources close to bob mueller's special counsel investigation. now revealing the fbi raided the home of former trump campaign manager paul manafort. ellison barber has the latest. >> this seems to suggest an escalation in special counsel muell
mueller's russia investigation. it was confirmed that the fbi raided manafort's home adding "mr. manafort has consistently cooperated with law enforcement and other serious inquiries and did so on this occasion as well." according to "the washington post," agents went to manafort's home on july 26. one day after he sat down with staff on the senate intelligence committee. manafort turned over documents and intelligence committees in the house and senate. the post siting sources familiar with the special counsel investigation says the raid was unexpected but the search warrant was wide ranging and the agents left with various records. some say the raid was overboard. others say it's a normal step in an investigation. >> up till now, manafort has been a cooperating witness. he's been providing documents and information to the congressional committees who have been investigating this. a search warrant is something that you do when you have someone that you think is going
to destroy evidence or flee the jurisdiction. there's no evidence produced that's that's the case. >> a prosecutor cannot rely on somebody telling you everything is okay, particularly when there's fraud and deceit and fixing an election and doing a number of things that are not in the interest of america are involved in the object of the investigation. that is testing whether or not russia interfered in our election. you can't take a person at his word particularly in an investigation like this. >> the fbi and a spokesperson for the special counsel decline add comment on the raid. manafort served as trump's campaign manager for five months. he was forced to resign after reports of his dealings with foreign governments, specif specifically ukraine. special counsel robert mueller has reportedly taken over that investigation. liz? >> liz: thank you very much. we need to get to bray peyton
from "the federalist." we're wondering why the secret investigation is not secret? nothing the watertight in washington these days. by comparison, you would think this would be. >> the timing of these leaks is interesting. the raid happened several weeks ago but just hearing about it now after all the drama with the president saying negative things about mueller and this investigation and rumors that this investigation has gone too far afield. i think that a lot of these leaks are an intentional effort to send a message that this investigation is not going away no matter how much the president doesn't like it. >> liz: you're probably right. regardless, why have an early morning raid of paul manafort's house to get documents he supposedly already turned over? >> i think the raid the morning happened after they issued the subpoena saying they weren't
sure whether or not he did turned over everything. in the reports that we got, that some of the documents included in the new documents that they seized were ones that he had turned over. we don't know if all of the documents that they seized during this raid were just the ones that he had turned over or if they discovered more when they were in his home. they don't know. that's the problem about a lot of the conversation and a lot of the coverage of this investigation. we're given little tidbits from people that probably have an agenda. we're getting leaks, rumors of leaks. i mean, i think that this kind of conversation and climate, you know, isn't conducive and finding out what exactly happened last election with russia. >> liz: the leaks are unbelievable. thank you, bre. >> thank you. >> liz: we need to get back to the situation with north korea. u.s. fighter jets are taking off from guam.
on the ready, just in case. we're going to get the latest from that region. and new reports that the white house is quietly working with some, yes, democrats on tax cuts just in case republicans botch it. will any cut be better than no cut at all? before fibromyalgia, i was a doer. i was active. then the chronic, widespread pain drained my energy. my doctor said moving more helps ease fibromyalgia pain. she also prescribed lyrica. fibromyalgia is thought to be the result of overactive nerves. lyrica is believed to calm these nerves. woman: for some, lyrica can significantly relieve fibromyalgia pain and improve function, so i feel better. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling, or blurry vision. common side effects are dizziness, sleepiness,
weight gain and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely to misuse lyrica. with less pain, i can be more active. ask your doctor about lyrica. i can be more active. that's why nature's bounty melatonin is made to help you fall asleep faster and stay asleep longer. so you'll be ready for whatever tomorrow brings. because mom's love is unconditional. even at 6am. nature's bounty melatonin.
we're all better off healthy. nature's bounty knows healthy cholesterol starts in your gut. so we made cardio-health, an innovative way to support healthy cholesterol, containing lrc, a probiotic strain that helps you metabolize dietary cholesterol. because we all want to be healthy for whatever comes next. nature's bounty cardio-health.
>> liz: there's new word that the white house has a backup plan in case the republicans botch tax cut plans. the white house is reaching out to some democrats to close the deal in a plan b scenario. how much bang for the buck can americans expect? joining me now is heather, robin and carrie. carrie, 10 to 20 or so centrist democrats here that are being
apparently called in to have a discussion. what do you think of that? that the white house is bypassing congress right now? >> i think the president has seen that the republicans in the senate can't get this their act together. mitch mcconnell hasn't been able to galvanize his own people. we need a compromise. we could see 1986 with the bipartisan reform that we saw under ronald reagan. some purists are say it's all or nothing. >> liz: it's called compromise, folks. robin? >> it took a long time to get the reagan tax reform and the tax cuts together. how prepared or how willing are democrats to reach across and leave republicans behind for the moment and go to the white house and hash it out? >> if invited. you hit on a great point. we're more than willing. i can tell you, i know nancy
pelosi's name has been mentioned. she extended the olive branch just recently as did chuck schumer. we all want tax reform for the middle class. representative republicans said last week they were unable to get healthcare reform with just the gop. they locked the democrats out of the debate. donald trump didn't invite them to the table. >> liz: still couldn't get it done. >> and representative flake correctly said that perhaps they should have gone to moderate democrats for some help and we're seeing that now. so i'm hopeful that we'll -- i think americans want for us to work together because seven years of opposition got us -- we achieved nothing other than congress has the record low approval rating. >> liz: what would tax reform with democrats in part of the recipe for this soup really start to look and taste like? will it just be for middle and lower class? will the upper class get some cuts?
corporate tax rates? >> i hardly deem someone that makes $200,000, a family of four in new york as wealthy. >> liz: i think steve bannon, if he has a hold on this, $5 million or more. >> $5 million seem more wealthy than $250,000. robin mentioned nancy pelosi. what republicans don't want to do because it didn't work on obamacare is jam something down your throats and say, you'll find out what is in the bill after we pass the bill. so if we get democratic support now and pass a bipartisan support bill using things like infrastructure to bring people in from the other side and cutting corporate tax for the middle class and lower income, that is where we can all come to the table and agree on something. >> the politco report said infrastructure is more of a non sequitur. republicans are less hot and excited about that. i'd like to see, yes, middle class reform and small business reform. that's something that could be permanent. we really i think got to make their argument that all brackets
should get a tax cut or tax reform because those are the people that will be more likely to invest versus just consume. >> we need a corporate tax reform when you talk about investing to get the stock market higher. from 35% down to at least 20 if not 15. that's what we need. >> and aimed low at 15% and -- if i know this, i'm the worst negotiator on the planet. >> me, too. >> don't undercut yourself. >> what do you think the centrist democrats are? we know it was the freedom caucus that really held up healthcare. i'm not blaming or judging anybody. they were speaking to their own constituents. it's not the far right or far left that will get this done. >> no, it's not. and these people, they represent their constituents. their constituents are hurting. let's take for example, we all know and accept the fact that premiums under the affordable care act have gone up and everyday americans are suffering the consequence of that.
so we do need some tax cuts for the middle class. i see that under donald trump's proposed plan, we get tax cuts of about $1,500 a year for middle americans. i know the top 1% would get about $240,000. >> there's 24 democrats that are from states that are up for senate in 2018 that are in states that trump won. they all need to come to the table or they could have a big target on their back. >> liz: heather, yes or no, does everybody get a tax cut in the end? >> no. sorry. >> liz: she held to it. >> i want that to happen but it won't. >> come on. you can't bring democrats to the table if you cut the highest rate. >> they're going to invest. that's what we need. >> liz: thanks, guys. great to see you. how about this? ten years ago today, the financial crisis began unfolding. now with the markets soaring, is
there a new bubble to worry about? the latest from our u.s. territory of guam as north korea threatens to strike it and en l envol -- envelope it in fire. what u.s. fighter jets are doing right now. right here at crabfest. red lobster. now this is seafood. at the lexus golden opportunity tesales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer.
>> all right. a fox news alert. most mortgages are not belting, just the stocks of those attached to those that are. because a lot of the stocks are financial and a lot of them reside in the dow, here's what you got today. >> liz: neil cavuto looks pretty good for ten years ago. well, ten years ago today on a stocks swoon that started the beginning of the financial crucis, the dow lost more than half of its value the next 20 months.
finally bottoming out march 9 of 2009. that was then. this is now. an eight-year long bull market that appears to still be going strong. are there signs perking up of another bubble? here's charlie gasparino. are you seeing any signs here? >> i want to say one thing. cavuto still has the same hair line. >> liz: exact same. >> i don't know what he's drinking. maybe it's the pumpkin spice lattes. they have hair growth, a hair growth formula. listen, i was knee deep in covering the financial crisis. i remember the slow burn for two years of how it went from a credit crunch where banks couldn't get credit to a -- to the insurers going insurance to bear stearns blowing up, to lehman and the full monty of the whole thing imploding. there's not the signs right now. we don't have the signs right now of what happened then. nothing close. the banks are not holding extremely impaired assets.
the impaired assets they held were mortgage-backed securities, known as -- and credit the full swaps and all these exotic instruments on their balance sheets and nobody knew how to price them. they were marked down to zero taking down each bank. each bank was insolvent prior use to the various bales. when you bailed out aig, it had a back door effect. we don't have anything close to that. we might have an overvalued stock market, which i think i can make the case based on we don't have tax reform, we have global unrest. you may want to take some profits. but it's nothing like that. >> liz: i'll tell you what i see that concerns me. credit card debt. it was extremely high right before the financial crisis hit in 2005, six and started to spike. then it fell during the crisis. the recession. and now it's heading back up.
even hit higher than it has ever been. >> here's what you have to ask yourself. the credit card debt, the debt itself, being packaged in bonds are they on the books of the big banks and written down in a way that cause as financial crisis? i'd say no. not even close. >> liz: charlie, thank you. charlie gasparino. it may be an empty threat, but u.s. fighter jets are now in full force in the event that north korea sets its sights on guam. that's a u.s. territory. the latest from the pentagon next. it's ok that everybody ignores me when i drive. it's fine. because i get a safe driving bonus check every six months i'm accident free. because i don't use my cellphone when i'm driving. even though my family does, and leaves me all alone. here's something else... i don't share it with mom. i don't. right, mom? i have a brand new putter you don't even know about! it's awesome. safe driving bonus checks, only from allstate. sometimes i leave the seat up on purpose.
we've learned shortly before the latest threat from north korea, two u.s. air force bombers left guam joining south korea and japan for military exercises. lucas tomlinson has the latest. >> it was the third long-range flight these air force bombers since north korea conducted its first long-range intercontinental ballistic missile test july 4th. two days ago, a pair of b-1 bombers recently dispatched to guam from ellsworth air force base in south dakota joins this show of force. linking up with japanese fighter jets. the ones are no longer capable of carrying nuclear weapons. they carry the largest conventional payload in the air force. 84 500-pound bombs. it's noteworthy only half the air force's b-1 bombers can fly right now. they are stationed on the u.s.
territory island of guam in the pacific. u.s. navy submarines and special operations forces in guam, part of a force of about 6,000 troops. since 2015, as north korea accelerate its missile program, the u.s. military decided to deploy a thaad antimissile battery. the first time it was deployed outside the continental united states. there is a thaad battery and south korea. the south korean government recently fast-track to an environmental impact study to get four more lodgers added. thaad was tested last month in kodiak alaska, knocking down a ballistic missile. it has a 15 for 15 in testing, the residence of guam don't want to test that capability. >> liz: that makes some people feel better. that will do it from here. you can catch me on the fox business network at 3:00 p.m. eastern every day. as we wait for "the fox news
specialists" ," the dow well off the lows. let's kick it off for "the fox news specialists." >> eboni: i'm eboni care williams with kat timpf and marc stein. this is the fox news specialist specialists. the nuclear crisis with north korea becoming more and more of a pressure cooker. after his bow to respond to new north korean provocations with fire and fury, president trump touted the strength of the u.s. nuclear arsenal. secretary of defense james mattis released a statement saying "the dprk should cease any consideration of actions that would lead to the end of its regime and the destruction of its people. "secretary of state rex tillerson attempted to bring a sense